News

March, 2023

• 15 March

  Stripe Brings Payments Capabilities to Open AI’s ChatGPT Chatbot Technology

  

  Open AI, the San Francisco-based creator of the ChatGPT artificial-intelligence chatbot, announced Wednesday it is partnering with Stripe Inc. to enable payments for its ChatGPT Plus and DALL·E applications. In addition, Stripe announced it is incorporating OpenAI’s new natural-language technology, GPT-4, into its products and services. The deal is one …
• 15 March

  Merchant Monitoring Is the Crux of a New Infinicept and LegitScript Deal

  

  With merchant risk being as important for payment facilitators as it is with traditional merchant-services companies, Infinicept, which provides embedded payment services, and LegitScript, a merchant-monitoring service, are collaborating on a new service to provide merchant-monitoring capabilities. Announced Wednesday, the service will enable payfacs, independent sales organizations, and merchant acquirers …
• 15 March

  GasBuddy Hits 2 Million Members And Other Digital Transactions News briefs from 3/15/23

  

  GasBuddy LLC, a fuel-savings platform, announced its Pay with GasBuddy program has now attracted more than 2 million members since its launch in 2017. The program includes a Pay with GasBuddy card linked to the user’s checking account. Users receive a discount of up to 25 cents per gallon when paying at …
• 14 March

  PayNearMe Teams With Lottery Now to Facilitate Digital Payouts And Deposits in Nine States

  

  PayNearMe Inc. announced Tuesday it is expanding its iGaming footprint through a deal with Lottery Now Inc., which operates the Mido Lotto lottery. Consumers playing Mido Lotto, which is available in nine states, according to the Lottery Now Web site, will be able to purchase tickets with, as well as …
• 14 March

  Big Bank Failures Will Spur Big Consequences for Crypto, Experts Argue

  

  The stunning bank failures of recent days, all of them involving institutions with wide exposure to cryptocurrency, are likely to have a deep impact not only on blockchain products but on payments more broadly, experts say. A stronger case for a digital dollar, stricter regulation of digital currencies in general, …
• 14 March

  Cheq On Deck at Target Field And Other Digital Transactions News briefs from 3/14/23

  

  Cheq Inc., a mobile and social hospitality payments provider, said it will provide the mobile ordering platform at Target Field, the home stadium of the Minnesota Twins Major League Baseball team. Available via the MLB Ballpark app, the service will enable consumers to order and pickup at select concession stands. …
• 13 March

  Snack POS Beefs Up Its Terminal Offering Through a Deal With Sunmi

  

  Snack POS, a provider of restaurant software, has fortified its position in the hotly competitive restaurant point-of-sale payments market through a partnership with POS terminal maker Sunmi Technology Co. The deal will enable Snack POS to offer Sunmi’s POS and mobile devices to restaurants. Sunmi’s devices are designed to help …
• 13 March

  Will a Trio of Major Bank Failures Dampen Interest in Blockchain Technology?

  

  Signature Bank on Sunday became the latest domino to fall in a reckoning that is expected to have widespread ripple effects not only for banking but for the burgeoning cryptocurrency industry. The New York City-based bank, closed by state regulators, is said to be the third-largest bank failure in U.S. …
• 13 March

  RevoluGroup To Add Visa Direct And Other Digital Transactions News briefs from 3/13/23

  

  RevoluGroup Canada Inc. said its RevoluPay mobile-payments app has added payments on the automated clearing house in the United States, the Faster Payments Service (FPS) in the United Kingdom, and SEPA Instant in Europe. The company said it will add Visa Direct in May. The total value of payments made with …
• 10 March

  Eye On Crytpo: Mercuryo Enables Fiat to Crypto Conversion; Bakkt’s Sunny Outlook

  

  Digital-currency operators are working behind the scenes despite a depressed outlook brought on by the collapse of the major exchange FTX and a general rout in most cryptocurrency values. One example is Mercuryo, a London-based fintech, which on Friday said it has introduced a banking-as-a-service (BaaS) application that enables digital-asset …